Not every home sells right away. Many sit on the MLS for months on end with little action. Sometimes it’s more than about the age or look of your home, though. There are many factors at play that could determine if your home sells quickly or if you sit on it for longer than you’d like. If you’re worried about how fast your home in Revere, Massachusetts might sell, check out the top reasons it may not be selling below.
Too Much Competition in Revere
Timing is everything. When there are too many houses on the market, it’s called a buyer’s market. In other words, buyers have a lot to choose from and it may or may not include your home. Your home really has to stand out to get noticed when there are numerous listings just in your area. Sometimes it’s about the luck of the draw, but you can gauge how many houses are on the market before you consider putting yours up to make a decision.
So how do you stand out? It takes something special. It could mean that you make an upgrade that other homes in the area don’t have or that you know buyers want. You may need to price the home a little lower than you’d like or offer some other benefit for buyers that will bring them in and make them want to bid on your home.
Your House Isn’t in Good Shape
Let’s face it, buyers want a nice looking house. They don’t want to buy someone else’s problems. That doesn’t mean your home has to be perfect, but it does need to be decent. Buyers look for certain things and most hire an inspector to look at the home before they buy it. If the inspector finds major issues with the home, the buyer may cancel the contract, if they make a bid at all.
Typically only cash home buyers buyers and investors are interested in fixer uppers. That’s not a large majority of the buyers out there. If your home isn’t in good condition, it may not sell or it may take much longer than you hoped.
The Neighborhood in Revere, Massachusetts is Less Than Desirable
When buyers look at homes, they look at the neighborhood too because they are investing in that area. If you have a neighbor with a bright purple house or your neighbors across the street throw loud parties every Friday night, buyers may pick up on that and not want your home. Unfortunately, there’s not much you can do about your neighbors, so this could put you in a tough position.
You’re Asking the Wrong Price
It always comes down to the price, doesn’t it? Buyers know what they want to spend and if your home is priced incorrectly, they won’t even give it a second glance. Buyers see the price you are asking before they even contact you about seeing the home. It’s their first impression of your home before they even go through the pictures and listing. If it’s priced incorrectly, they won’t’ waste their time – they’ll just move onto the next property that has a better price.
Even if you think you price it right, the buyer’s lender may not agree. They have to order an appraisal to make sure the collateral in the home is high enough to cover the loan. Even if you do get a buyer to bid – the deal can still fail.
Not every home in Revere, Massachusetts is right for the MLS. Many homes are perfect for cash buyers that don’t care about the home’s condition or appearance. These buyers will buy the home, fix it up and sell it. They don’t have to worry about lenders, appraisers, or loving the look of a home. These are the buyers you want if you want to sell your home fast.
If you’re ready to sell your home in Revere, Massachusetts and you need to do it fast – call us at 781-309-7085 for a free quote. We’ll come out and see your home, giving you a fair price and move the process along faster than you ever thought possible, putting cash right in your pocket and taking your home off your hands.